SBI Securities Co. Ltd. Invests $132,000 in Box, Inc. (NYSE:BOX)

SBI Securities Co. Ltd. bought a new position in Box, Inc. (NYSE:BOX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,162 shares of the software maker’s stock, valued at approximately $132,000.

Other hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its holdings in shares of BOX by 5.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 7,807 shares of the software maker’s stock worth $247,000 after purchasing an additional 391 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of BOX by 1.2% in the 4th quarter. Sanctuary Advisors LLC now owns 35,775 shares of the software maker’s stock worth $1,189,000 after purchasing an additional 423 shares during the last quarter. Aspiriant LLC lifted its holdings in shares of BOX by 5.0% in the 4th quarter. Aspiriant LLC now owns 9,048 shares of the software maker’s stock worth $286,000 after purchasing an additional 427 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of BOX by 2.6% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,340 shares of the software maker’s stock worth $548,000 after purchasing an additional 442 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in BOX by 1.3% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 39,768 shares of the software maker’s stock valued at $1,257,000 after acquiring an additional 522 shares in the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on BOX shares. JPMorgan Chase & Co. cut their target price on BOX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Wednesday. UBS Group lifted their target price on BOX from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Bank of America began coverage on BOX in a research note on Thursday, December 12th. They issued a “buy” rating and a $40.00 price objective on the stock. Morgan Stanley boosted their price objective on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 price objective on shares of BOX in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, BOX currently has a consensus rating of “Moderate Buy” and an average price target of $36.60.

Insider Activity

In other news, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $32.54, for a total transaction of $325,400.00. Following the transaction, the chief executive officer now owns 2,999,155 shares in the company, valued at approximately $97,592,503.70. The trade was a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $32.33, for a total value of $420,290.00. Following the sale, the chief financial officer now directly owns 1,448,509 shares of the company’s stock, valued at approximately $46,830,295.97. The trade was a 0.89 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 89,041 shares of company stock worth $2,889,758. 4.10% of the stock is owned by corporate insiders.

BOX Trading Up 0.4 %

Shares of BOX stock opened at $32.28 on Friday. Box, Inc. has a 1-year low of $24.63 and a 1-year high of $35.74. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 40.35, a P/E/G ratio of 4.42 and a beta of 1.00. The stock’s fifty day simple moving average is $32.82 and its 200-day simple moving average is $32.62.

BOX announced that its board has initiated a share repurchase plan on Tuesday, March 4th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the software maker to reacquire up to 3.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

About BOX

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.